The Twin Cities housing market posted more signs of health in January.
The glut of homes that the housing crisis dumped into the real estate market has largely dried up. By the end of last year the supply of homes for sale in the Twin Cities hit its lowest level in 10 years. Reluctant sellers are partly responsible for those low inventories. Many home owners still feel uneasy about putting their homes up for sale.
Twin Cities builders pulled about 300 permits to break ground on new projects in January-- a nearly 70 percent increase from the same month last year. The dollar value of those permits was also considerably higher.
Job openings posted online in Minnesota dropped this month, according to the latest report from The Conference Board.
Twin Cities home prices posted healthy gains in November, according to the latest Standard & Poor's Case-Shiller home price index.
Many unemployed people crave feedback from employers who turn them down for jobs. But most applicants only get a rejection form letter, if they receive any communication at all. Hiring professionals say companies are trying to do a better job responding to job applicants. But many remain overwhelmed by the flood of candidates knocking on their door.
The head of the Federal Reserve Bank of Minneapolis says the central bank's current easy money policy needs to be pushed further.
If you've been turned down for a job in recent years, it might have been courtesy of the company's hiring software. The software systems winnow down a pool of job applicants before a human -- namely, a hiring manager -- ever lays eyes on candidates' resumes.
Minnesota is poised for stronger employment growth in 2013, according to a forecast from the Federal Reserve Bank of Minneapolis.
The tax deal reached by lawmakers in Washington this week includes help for unemployed workers.
A survey of manufacturers in Minnesota showed rising optimism in December after several months of contraction.
It looks all but certain that some 12,000 jobless Minnesotans will lose their extended unemployment insurance after this week. They're all slated to come to a halt tomorrow, barring a last-minute agreement from a deeply divided Congress.
Home prices enjoyed another big lift nationally and in the Twin Cities in October.
The deadline resolve the budget impasse in Washington is now just days away. Without a deal, the slate of budget cuts and tax hikes known as the fiscal cliff will take effect.
Victims of wrongful foreclosures have about one month to apply for funds from a national mortgage settlement.